service tax
This query is : Resolved
04 September 2010
what is the entry for service tax in jounal and payment
CMA Ramesh Krishnan
(Expert)
04 September 2010
Service tax need to account while sale entry
Dr: Customer
Cr: Service charges receivable
Cr: Service tax payable
Cr: E.cess Payable
Cr: SHE cess Payable
While Payment of service tax
Dr: Service charges receivable
Dr: Service tax payable
Dr: E.cess Payable
Dr: SHE cess Payable
Cr: Bank
If you want maintain separte ledger for Service tax up to realisation, you ca make transfer entry while realisation of service tax
Dr: Customer
Cr: Service charges receivable
Cr: Service tax payable
Cr: E.cess Payable
Cr: SHE cess Payable
While Payment of service tax
Dr: Service charges receivable
Dr: Service tax payable
Dr: E.cess Payable
Dr: SHE cess Payable
Cr: Bank
If you want maintain separte ledger for Service tax up to realisation, you ca make transfer entry while realisation of service tax
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